54,870 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by Land & Buildings Investment Management LLC

Land & Buildings Investment Management LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 54,870 shares of the real estate investment trust's stock, valued at approximately $9,730,000. Digital Realty Trust makes up approximately 2.0% of Land & Buildings Investment Management LLC's investment portfolio, making the stock its 18th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stolper Co boosted its position in Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock worth $2,243,000 after purchasing an additional 64 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after purchasing an additional 64 shares during the period. Catalina Capital Group LLC boosted its holdings in shares of Digital Realty Trust by 3.1% in the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after buying an additional 72 shares during the last quarter. Colonial Trust Co SC grew its position in Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 72 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in Digital Realty Trust by 25.9% during the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 73 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Up 1.2%

DLR stock traded up $2.05 during midday trading on Thursday, reaching $167.72. 1,628,999 shares of the company traded hands, compared to its average volume of 1,982,735. The firm has a market capitalization of $56.49 billion, a price-to-earnings ratio of 103.53, a P/E/G ratio of 4.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The business has a 50 day moving average of $151.63 and a 200-day moving average of $167.63. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Digital Realty Trust's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 2.91%. Digital Realty Trust's payout ratio is 456.07%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Oppenheimer assumed coverage on Digital Realty Trust in a report on Wednesday. They set an "outperform" rating and a $200.00 price target on the stock. Citigroup dropped their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. JMP Securities reissued a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. Finally, Barclays dropped their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average target price of $183.85.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.